Which of the following statements is false : (a) A partner who takes fixed salary in lieu of share in profits may be a partner. (b) A partner who expresses (or) by his action intimates others that he is a partner may be partner. (c) It is essential to have agreement to share profits and losses. (d) A partner who does not participate in management has no liabilities.
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(b) A partner who expresses (or) by his action intimates others that he is a partner may be partner.
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